It has been an impulse wave on US30 and we expect a pullback.
I expect a pullback to trendline then bullish continuation or a deep pullback to 32069 then bullish.
Watch out for price behavior around the areas of interest for buy entry.
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Price is at a 1.2720 structure level. will it hold? NO!
At 61.8% fib level there is another structure 1.2687 that will be my POI for bullish reversal.
When price gets to that level, look for bullish reversal pattern and buy in.
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Gold remains bullish while seeking HTF structure.
look for buys at LTF and hold till 1907 except price breaks channel support.
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This pair is in a downtrend and approaching a structure level at 161.82.
Price could be completing an ABC correction at 161.82 indicating SHORT.
Price could break and retest 161.82 price level for bullish continuation.
Overall, we have to watch price reaction around 161.82 to determine our next impulse move.
I will update this when price gets to that level....
This pair is in a downtrend and currently we are at 61.8% fib level on 8h chart indicating SHORT.
On 1hr chart we have ABCDE correction and we are currently at E indicating SHORT.
At E, we have price form a divergence indicating BEARISH reversal (SHORT).
Expecting more Yen strength this week. Price broke my trendline and parallel channel and is currently retesting the channel and also at my major structure at 164.121 which is also 50% fib.
Coming week we are expecting further CAD weakness. I will be looking for sell opportunity to short this pair to hit my ascending trendline for the third time before going long.
Price has respected my trendline resistance for the third time. we are expecting GBP weakness coming week which would push price further down. we are in a good position to short this pair.
Gold tested downward trend line for the fourth time in daily time frame which indicates that we are bearish on Gold. in 4H TF Gold retraced back to 78.6 fib where it found resistance in daily time frame downward trendline indicating bearish confluence for Gold. Last week Gold retraced back to 38.2 fib and its stuck at that price range. I am of the view that Gold...
BTC has respected an ascending weekly TF channel for the third time and has finally broken a 4H TF downward trendline which confirms my bullish bias. We have a structure and ascending channel resistance at 42500. This resistance could push BTC down just for a while and I can see it pushing BTC down to 36000. If this happens, long term traders can get in on a...
